Investments in NPS are exempt under 80CCD in income tax. This can be one of the biggest benefits.
The New Pension Scheme or National Pension Scheme is a very useful scheme for post-retirement expenses. According to market experts, anyone can afford a pension plan. Now the interest of private companies in NPS has also increased. Companies are also being appealed by the Pension Scheme Authority to take up NPS scheme. The Pension Fund Regulatory and Development Authority is appealing to the employees of private companies to get better benefits in the future. Experts say that NPS gives good returns.
So far, 8,000 companies have registered with NPS. According to the Pension Scheme and Atal Pension Scheme (APY), the total capital has reached Rs 5.05 lakh crore. The contribution of the corporate sector is ten percent.
There are two options for investing in NPS. The first option is active mode. Accordingly, you can change your investment options and maturity according to your return each year. Another option is auto mode. According to this investor means your investment is handled by 8 fund managers. The right options are chosen by looking at the fluctuations in the market.
Investments in NPS are exempt under 80CCD in income tax. This can be one of the biggest benefits.
No documentation is required for KYC to start an NPS account. Account can be opened with Aadhar card only offline. You do not even have to submit a photocopy. Pension Scheme Authority has approved to open NPS account for E-NPS offline only through Aadhar card
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